Preferred Financing definition

Preferred Financing means the expected issuance and sale of $65.0 million in shares of our Series A Convertible Preferred Stock (at a purchase price of $100.00 per share) in a private placement to certain institutional accredited investors to, among other things, refinance certain existing Daseke indebtedness, pay transaction fees and expenses and use for general corporate purposes.
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Preferred Financing has the meaning set forth in Section 4.5.
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Preferred Financing means the next Preferred Stock financing of the Company if any, after the date hereof, but to be completed no later than October 31, 1997, in which at least $40,000,000 is invested in such Preferred Stock (including: (i) the $11,950,000 to be invested by Purchaser as provided in this Agreement, (ii) the $3,000,000 principal amount of that certain note issued to the Purchaser by the Company and (iii) the value of certain services to be provided by the Purchaser to the Company which will be valued for purposes of this Agreement at $2,000,000). For purposes of this Agreement, the IPO and the Preferred Financing shall be referred to alternatively as the "Financing Event."
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Examples of Preferred Financing in a sentence

  • For the avoidance of doubt, except to the extent that the Borrowers ▇▇▇▇▇ ▇ ▇▇▇▇ to the trustee of any Trust Preferred Financing Vehicle, the parties agree that the rights of such trustee in respect of any Trust Preferred Indebtedness permitted under this Agreement shall not be deemed a Lien hereunder.

  • The Company agrees and undertakes to pay an arrangement fee of two percent (2%) of the gross amount of any financing raised by the Company or its Subsidiaries during the Preferred Financing Partnership Period from any Investor or its Affiliates or third parties that are arranged by any Investor or its Affiliates.

  • After the date hereof, the Company intends on ------------------------------ completing an offering of its Series A Preferred Stock and Class B Warrants pursuant to the terms of the Confidential Term Sheet attached hereto as Exhibit ------- B (the "Series A Preferred Financing").

  • Promptly following the funding thereof, Parent will contribute the proceeds of the Preferred Financing to Merger Sub.

  • The Winc Preferred Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer under the Preferred Financing Agreements, applicable state and federal securities laws and liens or encumbrances created by or imposed by the Seller.

  • Except as permitted by Section 6.1 hereof and except in connection with the Preferred Financing, since June 20, 2000, no shares of NorthPoint Common Stock or NorthPoint preferred stock have been issued, except upon the exercise of options described in the immediately preceding sentence or as contemplated by this Agreement.

  • AMGEN will have the right to terminate this Agreement in full upon written notice to ▇▇▇▇▇ in the event that either (i) the Series A Preferred Financing does not occur within [***] days of the Effective Date or (ii) Amgen does not receive the Amgen Shares in association with the Series A Preferred Financing.

  • At the written request of the Company, Parent shall inform the Company in reasonable detail of the status of its efforts to arrange the Debt Financing or Preferred Financing.

  • If the conversion price for the Series A -- Preferred Stock is less than sixty cents per share, then the Warrant Price hereunder shall be reduced, concurrently with closing the Series A Preferred Financing, to the conversion price per share granted in connection with the Series A Preferred Financing.

  • If the Registration Statement for the IPO has not become effective or the Preferred Financing has not closed by October 31, 1997, Purchaser in its discretion may elect to terminate this Agreement by providing written notice to the Company by November 10, 1997.


More Definitions of Preferred Financing

Preferred Financing means that certain contemplated transaction or series of transactions prior to the Maturity Date in which the Borrower sells shares of its preferred capital stock and warrants to purchase preferred stock to the Lenders and other investors as the Lenders may approve, in an amount up to $20,000,000, as more particularly described in the Memorandum of Proposed Terms for Private Placement of Preferred Stock and Warrants dated as of January 4, 2007.
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Preferred Financing is defined in Section 6.11.
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Preferred Financing shall have the meaning specified in Section 1.3(b).
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Related to Preferred Financing

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Junior means any person in receipt of less than the adult wage.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Senior Subordinated Notes means Borrower’s 8% Senior Subordinated Notes due 2012 issued pursuant to the Senior Subordinated Note Agreement and any registered notes issued by Borrower in exchange for, and as contemplated by, such notes with substantially identical terms as the notes.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.